Oman and Jordan have announced the launch of the Omani-Jordanian Investment Company, a new entity backed by a $100 million fund. The initiative is an equal partnership between the Oman Investment Authority (OIA) and Jordan’s Social Security Investment Fund (SSIF), with each party contributing half of the capital.
Quick Facts
- Total Capital: $100 million joint fund
- Key Investors: Oman’s OIA and Jordan’s SSIF
- Target Sectors: IT, Food, Energy, and Logistics
A Strategic Push for Diversification
The new company will channel investments into a range of high-growth sectors that align with Oman’s Vision 2040 economic development plan. The target industries include information technology, agriculture and food, medical equipment and pharmaceuticals, energy, mining, tourism, and logistics services.
For the Oman Investment Authority, this partnership is a strategic move to continue diversifying its portfolio across different geographies and industries. The approach aims to safeguard assets, distribute risk, and build investment platforms that generate sustainable economic returns.
Strengthening Bilateral Economic Ties
Officials from both countries framed the launch as a significant milestone in their long-standing relationship, translating government directives into tangible economic projects.
“The Omani-Jordanian strategic partnership represents a prominent station in the journey of Omani-Jordanian relations,” said Mulham Al Jarf, Deputy President of the Oman Investment Authority. He noted that the joint venture “builds on a legacy of cooperation, exchange of expertise, and investment in promising projects with a sustainable economic and developmental impact that enhances the common interests of the two countries.”
Dr. Ezzeddin Kanakrieh, Chairman of Jordan’s SSIF, added, “This agreement is a strategic step in the cooperation between the Fund and the Oman Investment Authority. It embodies a shared vision based on deploying capital and institutional expertise to develop economically viable investments in priority sectors.”
Expanding OIA’s Global Partnership Network
This collaboration adds Jordan to OIA’s growing list of strategic partnerships with sovereign and investment funds globally, which already includes entities in Qatar, Turkey, China, Uzbekistan, Vietnam, Pakistan, Spain, Azerbaijan, India, Brunei, Kazakhstan, and Belarus.
The OIA stated that these international alliances are key to its mission of positioning Oman as a regional hub for quality investments and a driver of sustainable growth. By building long-term partnerships, the authority aims to facilitate knowledge transfer, attract capital, and boost the competitiveness of the Omani economy.
About Oman Investment Authority (OIA)
The Oman Investment Authority is the sovereign wealth fund of the Sultanate of Oman and its investment arm. It is responsible for managing, investing, and developing state assets both locally and internationally. Its portfolio is geographically diverse, with investments in more than 50 countries worldwide.
About the Social Security Investment Fund (SSIF)
The Social Security Investment Fund is the investment arm of Jordan’s Social Security Corporation. The fund is tasked with managing and growing the corporation’s assets to ensure its long-term financial sustainability and support Jordan’s national economy.
Source: Jawlah
